This is an interesting topic and I’m sure there are a variety of opinions across the board.

I’ve mentioned it somewhere before how I’m experimenting with Instagram as a side project to see if it has any potential. It’s been about 10 days since I first started and my account has 2500 followers already!

It’s still a far cray from where I want it to be but the key here is consistency. Just continuously posting great content and implementing little marketing techniques here and there.

When I first started with Instagram I sat down for a while and brainstormed a bunch of niches I wanted to get into. I will tell you straight up I’m a newbie when it comes to Instagram BUT I do know a thing or two about profitable niches.

You can’t just start an account or blog about any niche and hope to make money. You need to look into it for a while and question whether anyone in the world will benefit from accessing the visitor base your building. If you’re making a blog or Instagram account about drawing or art, how are you going to monetise it? Are there people and companies out there that will pay for their art to be displayed? Maybe, but personally I can’t think of many. You don’t want to rely on big companies like Derwent and Fabre-Castel to sponsor your posts. That rarely happens.

What if we look at mens fashion. Are there a lot of people and companies out there that would benefit from reaching out to your audience base? YES. There are a tonne of fashion bloggers that will pay for sponsored posts. There are a tonne of watch, shoes, socks, jocks, suit, shirt, modelling companies that would benefit from that audience base.

You don’t want to just rely on big companies approaching you. There needs to be a healthy market for it. If you have a Mercedes Benz page, who would benefit from it? Mercedes Benz dealers? Maybe, but there aren’t as many Mercedes Benz dealers out there as there are mens clothing or general fashion companies.

Another good one is entrepreneurship. You can’t go wrong there. It’s probably one of the biggest, most profitable niches in Instagram. I’ll pay instagramers money to advertise my eBooks. I’d happily pay up to $200 for a post even more if I feel it’s worth it. I can assure you there are a LOT of people like me. People that want to market their blog, their books, their products, their seminars, their events, etc.

Some people make over $1,000 just for a single post on their Instagram! I don’t know how much someone like Kim Kardashian would get but it would be a LOT.

Bottom line, don’t just start an Instagram account about anything. Think for a while and do some research on competitor Instagram accounts. Are they continuously ‘shouting out’ other Instagram accounts? If so, they probably have a healthy stream of orders coming in.

Just something to think about if you ever get into this venture.

– Mateen

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I know I’m going against my principal on focusing on one thing only but hear me out.

I’ve always had a side experiment going on. I was reading up on making money with Instagram and came across this thread about making 2-$300 a day with Instagram on Warriorforum. Now, I take everything on Warriorforum with a grain of salt until there’s someone actually doing what they preach.

I mean it’s great about to learn about someone driving traffic to their website or growing their email list to xx,xxx but the most important thing in business is money. Yes, you should be providing value and all but never forget about your bottom dollar. If I can see a clear path to making money, my body starts to move in that direction.

This post triggered that feeling. I made 5 Instagram accounts, each in a different topic and start posting images and tagging like crazy. The idea was to spit test different niches and see which one seemed like the one with the quickest growth and had high advertising potential. Anyway, I found one that was gaining followers at a quicker rate than the others so I decided to stick with it.

How am I going to make money?

Good question. I never try anything in business unless I have clear knowledge on how it’s going to make me money. Most instagramers make money a variety of ways but it all comes down to posting images on behalf of other companies for a small fee.

Popular instagram personalities can post out a picture for 100s sometimes even 1,000s of dollars. If you can get a few of these a week, you’ll be making some pretty easy cash.

I’m aiming to grow my account to 50,000 and then finding companies interested in monetising. It might even be worth making a quick datafeed affiliate site and seeing if traffic gets through to the site and goes through with any purchases.

If we can find a way to monetise an Instagram account better than others then we can maybe even buy Instagram accounts, (of course only if that’s legal).

It only takes about half an hour a day and I can do it while watching a TV show so it doesn’t really take much out of my working time. In a few months I should have a decent following to let me know on the potential how much I can make. If it’s good, I’ll focus on it full-time and make a bunch of different accounts.

Again, it’s all about testing assumptions, following through till the end and re-evaluating if the business is the type of business you want to get into.

So right now I have a few things going on. At the end of the year hopefully something will show me positive signs but till then I’m just going to keep moving forward.

– Mateen

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